SG buybacks Wednesday: Geo Energy buys 2.3M shares; ComfortDelGro, HK Land, Wilmar, Raffles Medical

Raffles Medical outletRaffles Medical outlet

Singapore companies announcing share buybacks on Wednesday, 15 December 2021: Jardine Matheson Holdings, Hongkong Land, OCBC, ComfortDelGro, HG Metal Manufacturing, The Hour Glass, Wing Tai Holdings, Pan-United Corp., Wilmar International, Singapore Shipping Corp., Raffles Medical Group and Geo Energy Resources.

Geo Energy Resources

Geo Energy Resources bought back 2.3 million shares in the market at S$0.315 to S$0.32 each for a total consideration, including other costs, of around S$728,211, the coal miner said in a filing to SGX after the market close.

ComfortDelGro

ComfortDelGro bought back 192,500 shares in the market at s$1.39 each for a total consideration, including other costs, of around S$267,919, the land transportation company said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 283,000 shares in the market at US$5.41 to US$5.47 each, Jardine Matheson said in a notification filed to the U.K.’s Financial Conduct Authority and SGX on behalf of the company. The repurchased shares will be cancelled, the filing said.

A back-of-the-envelope calculation suggests the buyback was valued at as much as around US$1.55 million

The company, which is listed on the London Stock Exchange, with secondary listings in Singapore and Bermuda, is a landlord and property developer in China, Hong Kong, Jakarta and Singapore. Jardine Strategic held around 50.4 percent of Hongkong Land as of 16 April 2021, and around 59.1 percent of Jardine Matheson as of 5 March 2020.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 90,300 shares in the market at US$55.31 to US$55.99 each, the company said in a filing to SGX after the market close. The repurchased shares will be cancelled, the filing said.

A back-of-the-envelope calculation suggests the buyback was valued at as much as US$5.06 million.

Jardine Matheson is a holding company operating mainly in China and Southeast Asia, with businesses including motor vehicles, property investment and development, luxury hotels, food retailing, heavy equipment and agribusiness. Jardine Strategic owns around 50.4 percent of Hongkong Land and around 59.2 percent of Jardine Matheson.

OCBC

OCBC bought back 200,000 shares in the market at S$11.29 each for a total consideration, including other costs, of around S$2.26 million, the bank said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 71,500 shares in the market at S$4.13 each for a total consideration, including other costs, of around S$295,643, the agri-business company said in a filing to SGX after the market close.

Wing Tai Holdings

Wing Tai Holdings bought back 151,000 shares in the market at S$1.86121 each for a total consideration, including other costs, of around S$281,614, the property developer said in a filing to SGX after the market close.

The Hour Glass

The Hour Glass bought back 63,200 shares in the market at S$1.98791 each for a total consideration, including other costs, of around S$125,959, the watch retailer said in a filing to SGX after the market close.

Raffles Medical Group

Raffles Medical Group bought back 100,000 shares in the market at S$1.32 to S$1.33 each for total consideration, including other costs, of around S$132,628, the hospital operator said in a filing to SGX after the market close.

Singapore Shipping Corp.

Singapore Shipping Corp. bought back 323,000 shares in the market at S$0.285 to S$0.295 each for a total consideration, including other costs, of around S$93,745, the company said in a filing to SGX after the market close.

Singapore Shipping is an Asian shipping group, involved in owning and managing ships as well as shipping agency, terminal operations and logistics services.

HG Metal Manufacturing

HG Metal Manufacturing bought back 67,500 shares in the market at S$0.375 each for a total consideration, including other costs, of around S$25,378, the company said in a filing to SGX after the market close.

HG Metal Manufacturing is one of the largest steel distributors and processors in the Southeast Asian region.

Pan-United Corp.

Pan-United Corp. bought back 131,000 shares in the market at S$0.315 each for a total consideration, including other costs, of around S$41,504, the concrete maker said in a filing to SGX after the market close.

 

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